Smoky Mountain Dual Cabin Retreat

This estate presents a compelling opportunity for investors seeking a premium, multi-unit STR asset in the Sevierville market. The combination of a spacious main cabin and a separate apartment over a three-bay garage allows for flexible rental strategies, targeting both large groups and smaller parties. High-confidence underwriting metrics suggest strong income and cash flow potential, supported by professional rental estimates and a competitive purchase price relative to recent comparable sales. The primary caveat is the need to confirm ongoing STR regulatory stability and to ensure the property’s condition aligns with guest expectations for this price tier.

Sevierville, TN is a well-established short-term rental market, benefiting from proximity to the Smoky Mountains and strong regional tourism. This property’s dual-unit configuration and large acreage position it as a premium offering, with high-confidence income projections and a purchase price supported by recent comparable sales. The market remains competitive, and continued demand for large-group accommodations is a key assumption.

The property’s private, gated setting on over 23 acres offers a unique guest experience, likely appealing to families and groups seeking seclusion and scenic views. While detailed neighborhood-level demand signals are limited, the Smoky Mountain context and estate-scale privacy are strong differentiators. Conclusions about guest appeal are high-confidence based on property features and regional STR trends.

At a $1,250,000 purchase price, underwriting metrics indicate an estimated STR ADR of $778, 62% occupancy, and monthly expected income of $14,672. With a 25% expense ratio and 20% down payment, the property is projected to generate $4,749 in monthly cash flow and a 22.8% cash-on-cash return, assuming professional management and stable demand. These figures are high-confidence, but returns are sensitive to occupancy and nightly rate assumptions, and operational diligence is recommended to validate expense and maintenance projections.

Asking sits within the modeled range.